2007-02-10 20:52:39 · 11 answers · asked by private 1 in Business & Finance ➔ Renting & Real Estate
Depends what you mean by 'London'. If you are talking about central London, considering a converted broom-cupboard has just sold for £150k (see link below!) I would say no, you can't buy an apartment for £100k in London (unless you want so cockroach infested place that needs a total refurb!)
2007-02-11 06:59:44 · answer #1 · answered by Clem 3 · 0⤊ 0⤋
You'd be lucky to find an apartment for £100k anywhere in the South East. I'm afraid for that money you are looking at a garage (or possibly a bedsit/studio apartment outside of London).
If that is all you can afford then maybe you could consider buying with a friend or partner? Or buying through a housing association 'part buy, part rent' scheme?
Good luck honey - it can be tough to get on the property ladder but it's worth it in the end
2007-02-11 00:18:46 · answer #2 · answered by angelina.rose 4 · 0⤊ 0⤋
No of course you can't!
Ashford in Kent is your best bet.
You can still pick up an apartment for less than £100K and once the fast train link to London arrives in 2009 it will take you less than 40 minutes to reach central London.
2007-02-10 21:43:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You wouldn't want to live there. This would be a one roomed (not one bedroom - one room total) in one of the least desirable parts of London, or at least very far out from the centre of London.
Look on
http://www.rightmove.co.uk/
to browse for flats, and check prices of recent sales on
http://www.ourproperty.co.uk/
That's a real tight budget.
If you have 100K, US$ or GBP, look at getting a mortgage. With that as a deposit, you'll get favourable mortgage rates and if you only need it for a short period, you shouldn't lose out. Rent is dead money... Buy and invest
2007-02-10 21:06:17 · answer #4 · answered by MoB uK 1 · 0⤊ 0⤋
You may be able to buy a run down garage for that - but I doubt it!
Last year, a garage with no windows, roof and a half broken door sold for £130,000 - it was converted to a small bedsit for use during the week by some nobhead businessman with more money than sense
2007-02-10 20:59:17 · answer #5 · answered by jamand 7 · 2⤊ 0⤋
yes it is possible but you will spend alot of time looking, also consider ex-council property as they are slightly cheaper
look on these sites and see what you think
www.primelocation.com
www.rightmove.co.uk
and also www.a-r.co.uk this is an auction site
their next auction is on the 14th of feb it starts at 11am
i hope this helps
2007-02-11 06:42:18 · answer #6 · answered by mjammy1978 3 · 0⤊ 0⤋
YOU MAY GET ONE FOR THAT,BUT IT WILL NEED A LOT OF WORK DOING TO IT,OR IT MAY BE IN A BAD AREA. HAVE YOU THOUGHT ABOUT PART BUY PART RENT,THIS ENABLES YOU TO BUY A MORE SUITABLE PROPERTY,THAT YOU MAY NOT BE ABLE TO AFFORD NOW,YOU BUY HALF NOW AND PAY RENT ON THE OTHER HALF TILL YOU CAN AFFORD TO BUY IT OUTRIGHT.
2007-02-10 21:03:47 · answer #7 · answered by aunty m 4 · 0⤊ 0⤋
you may be lucky, but avg one bed is £180k , same place ten mile out £90k
2007-02-10 20:59:26 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no not at all i paid 260k for mine. you could have a shop around to see if you could see anything
2007-02-10 21:04:32 · answer #9 · answered by scrummy mummy 2 · 0⤊ 0⤋
no i doubt it very much
2007-02-10 21:11:13 · answer #10 · answered by Anonymous · 0⤊ 0⤋